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cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel season could be the busiest in six years. aaa predicts more than 93 million americans hitting the highways over the holidays, just 400,000 people shy of the record set in 2006. we continue our count down to the closing bell with the woman who likes her politics the same hi way likes her martinis, shaken, not stirred. liz: no, a mojito, light on the rum, adam. get it right. >> you look like a vodka woman to me, i don't know. liz: never. can't deal with that. a rough year for jcpenney, but things changing. the stock popped, but now th
cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel season could be...
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we'll have the latest on the slow, unfolding drama, emphasis on slow, that is the fiscal cliff negotiations. the white house and speaker boehner trade proposals and tension. we will discuss with house democratic whip steny hoyer, ezra klein, sam stein, jane mayer, and jen zocki. plus, csi gop, as the republicans make the long slog to redemption, we discuss lessons learned. and the war on women rages on in the lone star state. we will look at planned parenthood's fight in texas. all that starts in a mere 180 seconds. ♪ [ male announcer ] we began serving handcrafted coffees in seattle, and people seemed to like it. so we wondered -- where else could we take this? ♪ for over 40 years, we've brought our passion for fine coffee and espresso to people everywhere. but one place was impossible, until now. our lattes, espresso and brewed coffee, now in your home from a machine like no other. and now $50 off through january 1st. the verismo® system, by starbucks. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other h
we'll have the latest on the slow, unfolding drama, emphasis on slow, that is the fiscal cliff negotiations. the white house and speaker boehner trade proposals and tension. we will discuss with house democratic whip steny hoyer, ezra klein, sam stein, jane mayer, and jen zocki. plus, csi gop, as the republicans make the long slog to redemption, we discuss lessons learned. and the war on women rages on in the lone star state. we will look at planned parenthood's fight in texas. all that starts...
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cliff negotiations. again, once again, they're going to hold the process that the american people did not much enjoy. and they're going to do that to try to get something very unpopular, which is taking away a lot of people's medicare benefits. ak they're only going to see more intransigent work stream. more out of touch of where the american people are. governor, carl rove was with bill o'riley. watch this. >> i think what the speaker is trying to get across is at this point, the republicans are pretty much in disarray. they can't compete with the organized democratic machine. that's why romney lost. >> they are in disarray. they doept have a clue of what to do. they're not in any way consistent with what they want. they want taxes raised on the rich. it spurred 23.5 million new jobs in six years. americans get that stuff. they've got to be voiced and sustained. by the way, all of this is political calculation. crystal is right. they're worried about the primary. good lord, have some guts and do what's
cliff negotiations. again, once again, they're going to hold the process that the american people did not much enjoy. and they're going to do that to try to get something very unpopular, which is taking away a lot of people's medicare benefits. ak they're only going to see more intransigent work stream. more out of touch of where the american people are. governor, carl rove was with bill o'riley. watch this. >> i think what the speaker is trying to get across is at this point, the...
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Dec 11, 2012
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. >> that was speaker of the house john boehner making remarks on the status of the fiscal cliff negotiations. jim, not giving us a ton to chew on there other than talking about a sea of red i think as far as the eye can see and the lack of seriousness. >> sharp ability to cut to the real matter. i think people are scratching their head at why we just had to watch that. >> you never know. there has been silence, right? there has been silence for the last two days, so perhaps, as david corn suggested to me earlier in makeup, this is boehner's bid to get some air time. >> yes. >> i think the story is pretty simple. the republicans are going to keep saying that every single day, and the president is going to keep saying raise taxes every single day until behind the scenes the two of them get a deal. i am still an optimist that they will get a deal. i think it's manifestly in both of their self interests. i don't think the president's hand is as strong as he thinks it is, and i think boehner has much more incentive than he leads on to figure out a way to get a deal to avert this. neither of these
. >> that was speaker of the house john boehner making remarks on the status of the fiscal cliff negotiations. jim, not giving us a ton to chew on there other than talking about a sea of red i think as far as the eye can see and the lack of seriousness. >> sharp ability to cut to the real matter. i think people are scratching their head at why we just had to watch that. >> you never know. there has been silence, right? there has been silence for the last two days, so perhaps,...
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Dec 10, 2012
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well, we begin with the new urgency in the fiscal cliff negotiations with now just 21 days, three weeks to reach a deal. today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking commission said his party should consider the president's idea of raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. we have one house, that's it. the presidency and the senate is in the democrat's hands. a lot of people are putting forth a theory and i think it has merit where you go in and give the president the 2% increase that he's
well, we begin with the new urgency in the fiscal cliff negotiations with now just 21 days, three weeks to reach a deal. today president obama returns to campaign mode taking the fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house, their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. so what happened? well, neither side revealed anything about the meetings, only saying that the...
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. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a
. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with...
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this might, might be part of the fiscal cliff negotiation. it's a question of how much more money could be saved by making packages happen on saturday but not all mail delivery? it's a tough decision. >> and now you're adding something more to the fiscal cliff deal, a deal i'm pretty sure is going to be pretty bad. >> but every little bit helps. the post office defaulted twice in the last couple months, erin. august, defaulted $5.5 billion for the first time. congress did nothing. fiddled. now, same thing happened in september. overall last year, they lost $15.9 billion. something has got to be done. can they kick the can to next year or get a deal done before next year? >> sad, defaulting on billions of dollars and we all think nothing is going to happen. one day, america, something terrible is going to happen. out front next, 22 days away from the fiscal cliff, the president is taking his plan on the road. one of our guests says mr. obama is overplaying his hand. >>> and radio prank is blamed for a suicide. two deejays behind the host speak
this might, might be part of the fiscal cliff negotiation. it's a question of how much more money could be saved by making packages happen on saturday but not all mail delivery? it's a tough decision. >> and now you're adding something more to the fiscal cliff deal, a deal i'm pretty sure is going to be pretty bad. >> but every little bit helps. the post office defaulted twice in the last couple months, erin. august, defaulted $5.5 billion for the first time. congress did nothing....
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this is the speed of the fiscal cliff negotiations. blink and you just might miss exactly nothing. while talks between speaker boehner and president obama over the past three days have been shrouded in secrecy, we've learned there have been two offers put on the table. the white house sent boehner a proposal on monday calling for $1.4 trillion in tax revenue, $200 billion less than the original offer. might that seal the deal? >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> okay then. the speaker's office responded with a deal of its own. yesterday it included precisely the same amount of revenue from the original proposal, $800 billion, which indicates there may have been concessions else where. a democratic source close to the white house tells nbc news the proposal included a permanent extension of the bush tax cuts. that is highly unlikely to fly, given the hard line the president has taken on tax rates and what he told barbara walters in an interview airing this friday on "20/20." >> taxes are going to go up one way or
this is the speed of the fiscal cliff negotiations. blink and you just might miss exactly nothing. while talks between speaker boehner and president obama over the past three days have been shrouded in secrecy, we've learned there have been two offers put on the table. the white house sent boehner a proposal on monday calling for $1.4 trillion in tax revenue, $200 billion less than the original offer. might that seal the deal? >> the president's called for $1.4 trillion worth of revenue....
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Dec 8, 2012
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you said that the president's strategy in these fiscal cliff negotiations is nothing but a power play, and in a previous column you actually used the words they want to humiliate the republicans. expand on that and explain that. >> well, you get the republicans the day after election day making good faith offers, boehner breaking with 20 years of tradition says we'll give you revenues, $800 million, and that's a real break for the republicans. that's a peace pipe. what does he get in return? the president sends the treasury secretary, geithner, to boehner and to mcconnell. he pockets the $800 billion. he double ths it and says i want 1.6 trillion. he demand not only no spending cuts of any importance but increased stimulus in spending which is preposterous when you're running trillion dollar deficit. and just to add insult, and here's the insult, he demands congress give up the power to control the deficit. that's obviously meanlt to humiliate the republicans. it's a non-starter. it's not acceptable. it's a way of saying to boehner you want to hand me your sword, you want to hand me y
you said that the president's strategy in these fiscal cliff negotiations is nothing but a power play, and in a previous column you actually used the words they want to humiliate the republicans. expand on that and explain that. >> well, you get the republicans the day after election day making good faith offers, boehner breaking with 20 years of tradition says we'll give you revenues, $800 million, and that's a real break for the republicans. that's a peace pipe. what does he get in...
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Dec 6, 2012
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. >> rose: if they go off the fiscal cliff they do not reach a negotiation, a compromise by december 31st, who does the whitehouse think will get the blame? >> well i think it's not just the whitehouse charlie. the whitehouse and republicans are ultimately going to be blamed for this and that's why you're starting to see some fissures amongst republican rank and file you had today 40 house republicans signing a letter and saying they think all options should be on the table, including tax cuts and entitlements. it doesn't seem to be moving. house speaker john baron. but what it could ultimately do is start to lay the ground work for providing him cover to be able to back of of off his insistence they're not going to raise rates on top earners. what that letter shows i think that republicans are acknowledging that the president does have the leverage in these negotiations. over the summer privately republicans their aides were saying they didn't think the president would let it get to that point. he's chaffed because that's what she's shown to do in previous budget negotiations the de
. >> rose: if they go off the fiscal cliff they do not reach a negotiation, a compromise by december 31st, who does the whitehouse think will get the blame? >> well i think it's not just the whitehouse charlie. the whitehouse and republicans are ultimately going to be blamed for this and that's why you're starting to see some fissures amongst republican rank and file you had today 40 house republicans signing a letter and saying they think all options should be on the table,...
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cliff negotiations. congressman peter welch is a democrat from vermont and deputy chief whip and he joins us now. good afternoon, sir. >> good afternoon. >> the president has said that he wants to raise revenues, and so very specifically he wants tax rates on the rich to go up. speaker boehner says he wants to cut spending. but then he won't specify the cuts he'd like. why is that? >> he's got a tough negotiating situation. he's got to put on a show for his base and his base ran for spending cuts and for tax cuts. they know revenues are going to go up. speaker ba eer boehner knows th president is going to get his way so he's putting on a show. >> in the new nbc news/"wall street journal" poll when asked if these leaders should compromise to get a deal, 70% of democrats said yes while just 59% of republicans agreed. and now i'd like you to listen to minority leader pelosi today discussing changes to eligibility for medicare, something republicans say should be on the table. take a listen. >> don't even th
cliff negotiations. congressman peter welch is a democrat from vermont and deputy chief whip and he joins us now. good afternoon, sir. >> good afternoon. >> the president has said that he wants to raise revenues, and so very specifically he wants tax rates on the rich to go up. speaker boehner says he wants to cut spending. but then he won't specify the cuts he'd like. why is that? >> he's got a tough negotiating situation. he's got to put on a show for his base and his base...
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what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor force, encouraged that they have a chance at getting a job. nonetheless, 146,000 jobs created. that's good for the president. gives him a chance to go out there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many q
what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor...
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wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and th state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5illin bonds this year making it the third biggest debt issuer in the first tee arters this year. california and new york, numbers e and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory fctor, author of can the bestseller, "shadow boxes: government nioos control amera and rob taayers blind." we are delighted to have you with us. let's turn first, if i may, to the presiden telling auto
wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and...
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cliff negotiations? >> the president is making the case that the economy is getting better but still fragile and sea and the republicans have both said the country goes over the fiscal cliff it will be very bad for the economy. >> it shows people are still confident -- at what point will that confidence start to wayne? >> probably when we get around christmas or get down to the very last days before the end of the year. these things never get done until both sides backs are up against the wall and the calendar is about to run out. the other side wants to appear they gave too much. -- neither side wants to appear they give up too much. >> a balancing act to the end. thank you so much. >> 23 days ago. not everything is a on the internet is ok in the eyes of the law -- what a virginia judge decided about a post by a woman who slammed the work of a contractor hired to make repairs. >> the -- belfort furntiure weather center a fog advisory for the overnight hours. early tomorrow morning been a big warmup foll
cliff negotiations? >> the president is making the case that the economy is getting better but still fragile and sea and the republicans have both said the country goes over the fiscal cliff it will be very bad for the economy. >> it shows people are still confident -- at what point will that confidence start to wayne? >> probably when we get around christmas or get down to the very last days before the end of the year. these things never get done until both sides backs are up...
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take a dip in right now to the negotiations over the fiscal cliff. boehner and obama see how it's going. can we see it? i'm just kidding. that is ukraine parliament handling things the way, probably the way it should be done. that's it. bob, you're up. >> bob: i thought that was the republican house caucus. >> greg: unions. >> bob: of course. [ laughter ] there is a guy by the name of joe luken in minnesota. he owns legisry stores and a big market chain that wanted to buy his stores when he put them up for sale and he decided instead of doing that he would turn them over, all of them to the employees, 400 of them. and kio plan because without them he never would have been successful. congratulate him for doing that, particularly in the christmas season. wonderful gesture on your part, joe, and your employees will carry on to make more success out of the stores. nice thing to do. >> eric: gregory? >> greg: first, i'll read the horoscope. sometimes it's smart to let your rivals win and this could be one of those occasions. untie the armenian man from t
take a dip in right now to the negotiations over the fiscal cliff. boehner and obama see how it's going. can we see it? i'm just kidding. that is ukraine parliament handling things the way, probably the way it should be done. that's it. bob, you're up. >> bob: i thought that was the republican house caucus. >> greg: unions. >> bob: of course. [ laughter ] there is a guy by the name of joe luken in minnesota. he owns legisry stores and a big market chain that wanted to buy his...
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i would even submit that in this day of critical fiscal cliff negotiations, that if mr. latham , mr. boswell were conducting negotiations, we would be going home for christmas by sundown today. thank you. i yield back. mr. latham: i would like to recognize the gentleman from wisconsin, mr. petri. mr. petri: i thank my colleague from iowa. i actually want to echo the words of nick rahall in commending both of you gentlemen, especially tom, for organizing this special order. i think it says something about each of your character and your respect for the process and for this institution. we hear a lot about how the camaraderie or the good will has deteriorated in this body, but i think at least insofar as iowa politics is concerned, that's not the case. there are strong differences but there's also strong respect. and recognition that we are working on something that's greater than all of us. we are trying to do our best for the american people and for our country. i got to know leonard boswell and his wife, i don't know if you remember this, but i think it was in hershey,
i would even submit that in this day of critical fiscal cliff negotiations, that if mr. latham , mr. boswell were conducting negotiations, we would be going home for christmas by sundown today. thank you. i yield back. mr. latham: i would like to recognize the gentleman from wisconsin, mr. petri. mr. petri: i thank my colleague from iowa. i actually want to echo the words of nick rahall in commending both of you gentlemen, especially tom, for organizing this special order. i think it says...
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cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joeyç reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have to be calculated with either this new version of the amt or the fixed version, and that is the difference between it affects -- it adds tens of millions of people getting bitten by this thing. i know that the insiders are more worried about that actually getting fixed than the cliff at this point. >> yeah. when i started covering capitol hill in washington, there were two things that people talked about, which was the amt patch and the dock fix. everyone is like where are we on the amt fix. they adjust the payments and do this thing with the amt. we were asking early on, is there a wa
cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joeyç reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to...
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we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting that at least partial offers have been exchanged between the two sides over the past two days. so, clearly, what we know here is that paper is changing hands and the deal making is actually happening right now. what we don't know is what the content of that deal is. and speaker's office telling me right now that they're not going to be able to provide any detail on what was in that counter offer, so, behind the scenes, the mystery continues here. >> so, again, we're not necessarily zeroing in on exactly
we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer...
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so look, he can decide, i agree with senator schumer, we're not going to go over the fiscal cliff to use that terminology. something's going to happen before year end. hopefully it's a comprehensive package that solves our nation's problems then later, next year, we deal with tax reforms in a revenue neutral way. what i -- i'll stop. >> chris: hemorrhaginge >> this goes beyond the deal. why should congress give up it's constitutional authority over borrowing? we looked at your record when george w. bush was president. you voted at least three times against increasing the debt limit. why would congress give up that power? >> the bottom line is on debt ceiling, things shifted. i don't agree with bob corker on that issue. it shifted the way it has on taxes. senator mcconnell put on the floor a resolution that said it was his idea, not ours, that let the president raise the debt ceiling. it's money congress has already spent and let congress by two-thirds override it. he thought we democrats would run from that scared as could be. within a half hour we had 51 votes, we called his bluff a
so look, he can decide, i agree with senator schumer, we're not going to go over the fiscal cliff to use that terminology. something's going to happen before year end. hopefully it's a comprehensive package that solves our nation's problems then later, next year, we deal with tax reforms in a revenue neutral way. what i -- i'll stop. >> chris: hemorrhaginge >> this goes beyond the deal. why should congress give up it's constitutional authority over borrowing? we looked at your...
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they look at the role of lobyists in those fiscal cliff negotiations. and an update on the situation in syria. washington journal live at 7:00 a.m. on c-span. >> by a majority of 6 to 3 and they are going to say that is precedent. and indiana had a -- >> they decided on the indiana case it was constitutional for them to establish i.d. they did not say that all of those states who have subsequently done that -- >> let me finish because you misrepresent what i said. >> hold on. >> that's the law of the land. >> when i hear these accusations that black people, voter i.d. laws disproportionately affect minorities, it implies to me we have something missing in our brain. to me if white can get i.d.'s to vote and follow the processes to follow the laws, what are you telling black people? that they are not good enough, that they are lesser than and that bothers me from democrats on the left that we always have to make special -- there has to be a specialness when we deal with minorities because they are too feebleminded. we need to make concessions for them be
they look at the role of lobyists in those fiscal cliff negotiations. and an update on the situation in syria. washington journal live at 7:00 a.m. on c-span. >> by a majority of 6 to 3 and they are going to say that is precedent. and indiana had a -- >> they decided on the indiana case it was constitutional for them to establish i.d. they did not say that all of those states who have subsequently done that -- >> let me finish because you misrepresent what i said. >>...
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., let's talk about the fiscal cliff negotiations and the politics of it. how do these numbers effect, if you feel it effects at all the ongoing negotiations? >> first, for the unemployment we would have heard that obama cooked the preelection numbers. and and, second, i'm glad that secretary solis said we don't need more push, particularly benefiting the unemployment and that's got to be part of the fiscal cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the debt ceiling negotiation and it's important because many communities are not impacted by private sector job growth and need the public sector jobs that the stimulus would
., let's talk about the fiscal cliff negotiations and the politics of it. how do these numbers effect, if you feel it effects at all the ongoing negotiations? >> first, for the unemployment we would have heard that obama cooked the preelection numbers. and and, second, i'm glad that secretary solis said we don't need more push, particularly benefiting the unemployment and that's got to be part of the fiscal cliff negotiations that. is something that the republicans have to deal with. and...
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Dec 13, 2012
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or was it just these fiscal cliff negotiations that are going on right now? the inability to make a deal? >> it's the do-nothing congress, their inability to make this deal. the best thing for the economy would be to make a deal and get off the fiscal edge, right. but if they're not going to be able to do that, then bernanke is smart. and again, it's unprecedented for him to do that. it's smart for him to go in and continue to try to stimulate the economy. >> you know, it's one thing for him to say that he is very concerned about the fiscal cliff and what it would do to the economy. but then to back it up with this move. >> yeah. you got to give the guy a lot of credit. it might be his bid for a third term as fed chairman, frankly, because it is creative. it's unprecedented, and by the way, the europeans are now following his lead. >> what is the danger here? >> well, the danger is that we're creating a bit of a bubble with these low interest rates, just like we did, unfortunately, in 2003 and 2004 when greenspan kept interest rates low. and that created the
or was it just these fiscal cliff negotiations that are going on right now? the inability to make a deal? >> it's the do-nothing congress, their inability to make this deal. the best thing for the economy would be to make a deal and get off the fiscal edge, right. but if they're not going to be able to do that, then bernanke is smart. and again, it's unprecedented for him to do that. it's smart for him to go in and continue to try to stimulate the economy. >> you know, it's one...
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Dec 13, 2012
12/12
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i think that just discounting any probability we have a fiscal cliff, if we do, and negotiations brick down, then market i think will be way overpriced for the very difficult economy. we'll see in the first half of next year. lou: we might see it before the end of the year, if it is clear, this may be part of the game, they try to keep in am pickous to whether or not there will be a dial, that would be a slick portion of this negotiation. i do not know what to make of it. i do think this republicans are now incentivized to go over the cliff, and seek sequest raising sequestration in force. it gives republicans want they want, two-for-one spending cuts to tax hikes it gets intresting. >> it is, some of the commentary i've seen, suggestions that the president i talking about more x increases than spending cuts, that is -- >> 2 to 1. >> yeah contrary to the original agreement. lou: well imagine that. president turning things on its head, john silvio thank you. >> thank you. lou: and straightening us out. looking now at "new york times" bestseller list, i thought this week was really, news
i think that just discounting any probability we have a fiscal cliff, if we do, and negotiations brick down, then market i think will be way overpriced for the very difficult economy. we'll see in the first half of next year. lou: we might see it before the end of the year, if it is clear, this may be part of the game, they try to keep in am pickous to whether or not there will be a dial, that would be a slick portion of this negotiation. i do not know what to make of it. i do think this...
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Dec 11, 2012
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. >>> we have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. >> let me bring in our "news nation" political panel this hour. chris cafinus, michael smerkonish and louies romanis. what are we to make of speaker boehner coming out today, not sure of the overall message other than he wanted to have, i guess, a sound bite to play today as we continue to talk and the president is off at least negotiating behind the scenes on the fiscal cliff. >> i think you called it, tamron. look, the rhetoric is scaled back dramatically in the last few days. they're talking and seriously evidenced by the fact we're not learning that much. they're keeping it pr
. >>> we have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's...
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Dec 9, 2012
12/12
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WBAL
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how could this power player conversation impact fiscal cliff negotiations? >> temperatures on the chilly cited above their warming up tomorrow. the insta-weather + forecast just ahead. >> were watching wbal- tv 11. live, local, late breaking. this is 11 news at 6:00. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> the big story tonight, a crush in defeat at the hand of the washington redskins. adding insult to injury, a spot in the playoffs was available for the taking. >> a season that seemed so charmed a few weeks ago. now what feels cursed for ravens fans. injuries mounting and adding to the pain. it looking good in the fourth quarter. ravens trying to deal with robert griffin iii. hey, diddle diddle. ray rice up the middle. ravens up by eight. the redskins proved to be more resilience. look at kurt cousins in for injured rg3. he finds pierre garcon. tied at 28. a big punt returns setting up. that's it. there you go. from 34 yards, the rookie has never missed a kick in the nfl.
how could this power player conversation impact fiscal cliff negotiations? >> temperatures on the chilly cited above their warming up tomorrow. the insta-weather + forecast just ahead. >> were watching wbal- tv 11. live, local, late breaking. this is 11 news at 6:00. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- >> the big story tonight, a crush in defeat at the hand of the washington redskins. adding...
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Dec 5, 2012
12/12
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and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax refor
and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room....
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Dec 10, 2012
12/12
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. >> the fiscal cliff negotiations are getting very little attention. we will drill down on the estate tax levy later in the hour. >>> why is jc penny stock higher today? and apple shares getting cut. are these the right call? well analyze this and more after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, se
. >> the fiscal cliff negotiations are getting very little attention. we will drill down on the estate tax levy later in the hour. >>> why is jc penny stock higher today? and apple shares getting cut. are these the right call? well analyze this and more after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's...
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Dec 7, 2012
12/12
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CSPAN
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host: how will the fiscal cliff negotiations affect you? will you lose benefits? caller: i will lose benefits at the end of december, and i will have to go on county assistance to see what they can do to help, but i would rather go back to work. i started picking work when i was 12 years old. host: what are you doing to prepare for the scenario? caller: i am trying to get my ged but i have always had a problem with education. guest: this is a huge issue. people like john are not at the negotiation table. it is tough to consider the full range of decisions. what we find time and time again is that the education and skills component of helping unemployed workers get back into the workforce is a big obstacle. we have 40 programs on the federal level to deal with that, but based on analysis out of rutgers university, is usually people that have been able to find their own education path and get their own skills and out of these government programs have been the most successful. that is a problematic dynamic. host: lisa is next from texas on the independent line. good
host: how will the fiscal cliff negotiations affect you? will you lose benefits? caller: i will lose benefits at the end of december, and i will have to go on county assistance to see what they can do to help, but i would rather go back to work. i started picking work when i was 12 years old. host: what are you doing to prepare for the scenario? caller: i am trying to get my ged but i have always had a problem with education. guest: this is a huge issue. people like john are not at the...
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Dec 11, 2012
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coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today, up 32 points. more than a 1% gain, although it is off its highs of the day at 3019, and the s&p 500 index is 8 plus points at 1426. the word on the street is because of the fiscal cliff, some investors are actually selling the winners, the winning stocks, and they are holding on to the poor performers, the opposite what have they have been doing the last few years. maria? >> makes a lot of sense given the fact that tax les go higher on capital gains
coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some...
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Dec 12, 2012
12/12
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CURRENT
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senator susan collins of maine tells sawyer that when it comes to the current on-going fiscal cliff negotiations, it would be better if the women were running the show. >> i think if we were in charge of the senate and of the administration, that we would have a budget deal by now. >> go, girl power! now that we're coming up at the end of the year, we're getting a chance to take a look at what set records and who should have set the record straight. first of all twitter has revealed the most retweeted tweet of the year. and it is this photo. if we could -- there you go. from the obama campaign. it popped up election night with the caption four more years. within hours, it not only became the top retweet of the year but the top retweet ever. people in more than 200 countries around the world shared the photo of the president hugging the first lady. and politifact.com says that the romney campaign has the dishonor of having the lie of the year! that would be president obama sold chrysler to italy which would then move u.s. jeep production to china. chrysler denied the claim. the media said it was
senator susan collins of maine tells sawyer that when it comes to the current on-going fiscal cliff negotiations, it would be better if the women were running the show. >> i think if we were in charge of the senate and of the administration, that we would have a budget deal by now. >> go, girl power! now that we're coming up at the end of the year, we're getting a chance to take a look at what set records and who should have set the record straight. first of all twitter has revealed...
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Dec 10, 2012
12/12
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. >> a key week in fiscal cliff negotiations kicks off with a road trip. >> it will be mild with temperatures in the 60's today. >> we have some early morning fog. already >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm stan stovall. >> and i'm mindy basara. thanks for joining us for 11 news today. we have one school delay because of the fog on the eastern shore. >> the lower eastern shore, it gets pretty thick. just be careful this morning. it will burn off in a couple of hours. it will be a changeable kind of day. it is 45 at the airport. the fog will burn off. a cold front will move through this afternoon. it will jump around all over the place today. .0's and 60's and fog and rain i don't think any snow will f it. >> the fog is impacting your ride. 29 in the southbound direction, we have an accident. tracking a delay on westbound 100 towards 29 and that is because of the fog. southbound 29, you may see delays because of the accident wrapping up. south on 97, 67 miles per hour towards 50. it i
. >> a key week in fiscal cliff negotiations kicks off with a road trip. >> it will be mild with temperatures in the 60's today. >> we have some early morning fog. already >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm stan stovall. >> and i'm mindy basara. thanks for joining us for 11 news today. we have one school delay because of the fog on the eastern shore....